Omega 3 Ingredients Market To Grow at 11.20% CAGR During 2022-2027 | Industry Forecast, Size, Share and Trends

IMARC Group has recently released a new research study titled "Omega 3 Ingredients Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027", offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.

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What are the growth prospects of the Omega 3 Ingredients Market industry?

The global omega 3 ingredients market size reached US$ 2.34 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 4.63 Billion by 2027, exhibiting a growth rate (CAGR) of 11.20% during 2022-2027.

What is a Omega 3 Ingredients Market?

Omega 3 ingredients refer to naturally occurring polyunsaturated fatty acids (PUFAs) and nutrients that are crucial for optimal human health. They are widely found in flaxseed, fish, and dietary supplements, such as krill refined tuna, algal, and fish oil. Common omega 3 ingredients include alpha-linoleic acid (ALA), eicosapentaenoic acid (EPA), and docosahexaenoic acid (DHA).

They provide energy, assist the structure of the cell walls, and maintain the optimum functioning of the blood vessels, lungs, heart, immune system, and endocrine systems. As a result, omega 3 ingredients find widespread applications in infant formulas, clinical nutrition, pet food and feed, dietary supplements, and functional foods and beverages.

Impact of COVID-19:

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

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What are the major market drivers in the omega 3 ingredients market?

The escalating cases of obesity and heart-related issues across the globe are primarily driving the omega 3 ingredients market. Besides this, the extensive product utilization for treating chronic diseases, such as severe hypertriglyceridemia, is further augmenting the market growth. Moreover, the incorporation of innovative and advanced technologies in the formulation of omega-3 ingredients to remove environmental pollutants, prevent oxidization, and provide high-temperature resistance is also catalyzing the global market.

Additionally, the increasing consumer preference towards high-quality supplement products, owing to hectic lifestyles and busy schedules, is acting as another significant growth-inducing factor. Apart from this, the elevating requirement for these components in cosmetics, sun care, hair care, and personal care to achieve balanced hydration, regulate the skin's oil production, subdue breakouts, minimize signs of aging, and soothe irritated or dermatitis skin is also stimulating the market growth.

Furthermore, the growing product popularity in pet and animal feed is expected to bolster the omega 3 ingredients market in the coming years.

Report Segmentation:

The report has segmented the market into the following categories:

Breakup by Type:
• Alpha-linolenic Acid (ALA)
• Docosahexaenoic Acid (DHA)
• Eicosapentaenoic Acid (EPA)

Breakup by Source:
• Marine Source
• Plant Source

Breakup by Application:
• Supplements and Functional Foods
• Pharmaceuticals
• Infant Formula
• Animal Feed

By Geography:
• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

List of Major Key Players:

The major players in the market are
• Aker BioMarine ASA
• Archer-Daniels-Midland Company
• BASF SE
• Cargill Incorporated
• Cellana Inc.
• Clover Corporation Limited
• Corbion N.V.
• Croda International Plc
• Koninklijke DSM N.V.
• Omega Protein Corporation (Cooke Inc.)
• Pelagia AS
• Pharma Marine AS
• Polaris.

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This release was published on openPR.